July 21, 2026 06:46 AM GMT BAWAG Group AG | Europe M Update 2Q26 First Take: PPOP & Capital Beat AlphaSignals Earnings Reaction Unchanged Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways 2Q26 results overview: NII was broadly in line with company-compiled consensus (2% above Visible Alpha), and fees were +3% better than company consensus (+5% better than Visible Alpha), ...